National Women’s Small Business Month

Posted by FranSave on October 8, 2021

You might remember our commemoration of Business Women’s Day this past September 22nd. Since 2012, the month of October has been dedicated to women in small business roles, which continue to become more and more significant in the American marketplace.

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There are lots of ways to commemorate National Women’s Small Business Month:

  • Be a mentor to other women
  • Attend an event dedicated to women-owned businesses
  • Encourage women and help them harness their business skills
  • Join a network of like-minded women focused on entrepreneurship
  • Support small businesses run by women

Let’s do a by-the-numbers look at the impact women have had in business. Here are some data on women business owners from National Association of Women’s Business Owners:

  • Women-owned businesses generate $1.7 trillion in sales as of 2017
  • 5.4 million firms are majority-owned by women of color
  • One of every five businesses that generate more than $1 million are owned by women
  • Women-led businesses employ more than 9 million people

According to National Women’s Business Council Annual Report 2020 as of 2019, women-owned businesses represent an estimated 42% of all the U.S. business, which is nearly 13 million and employ around 9.4 million workers.

Are you an aspiring female entrepreneur looking to get into business but need some guidance? Have you ever considered franchising? If so, FranSave invites you to check out what we have to offer. Striking into business involves lots of work and preparation, which is why it helps to have as much mentorship as possible. This guidance can come about two ways: 1) by using FranSave to help identify viable franchise opportunities, and 2) franchising with a reputable enterprise that can help you tap into business leadership skills you never knew you possessed.

Always operate at a pace that makes sense and feels right to you. It all starts with a conversation. Feel free to contact us any time at 844-476-7776. You can also schedule a time to meet with us to brainstorm ideas by contacting us over the web.

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